Lawrence Eagles
Lawrence Eagles
clearly however risk small
There is clearly a risk that this is going to happen, however small that risk may be,
ahead chooses cut meeting output prices public remain size whether
Whether OPEC chooses to make public the size of any output cut ahead of the ministerial meeting Nov. 14 is uncertain, ... But it may well choose to do so if prices remain weak.
clear demand high impact moment oil prices seen signs starting
There are clear signs at the moment that we are starting to see the impact of high oil prices on demand -- and that's being seen in many regions.
crude fact market north output physical problem sea shows supply supporting tight
The fact that the North Sea output problem is supporting the market really shows how tight the physical crude supply is.
announce bush gasoline measures prices seems short surprise
There seems to be a little surprise that Bush did not announce any measures that would have eased gasoline prices in the short term.
issues night oil plus
As we go forward, geopolitical issues won't go away over night, but we wouldn't have got to oil at $60 plus without a lot of other factors.
although clearly few next opportunity overnight peace signs three window
There were a few signs overnight that, although clearly tensions are rising, there is a window of opportunity for some peace settlement over the next three days.
clear east far market middle premium remain situation strong until
As far as the Middle East is concerned, there is still strong justification for a premium to remain in the market until it is clear the situation is much calmer on the ground,
attack eastern fashion fear lose middle remains respond small support
The U.S. will respond to this attack in some fashion and there remains a small fear that it may lose some Middle Eastern support as a result.
iraqi looking month
So we could be looking at at least a month without Iraqi oil.
china demand growth last strong within
Demand is still strong within China but growth was exceptionally strong last year. That year-on-year growth is narrower is not a surprise.
dangerous follow game playing prepared
OPEC is playing a dangerous game of bluff, and has to be prepared to follow it through.
cut mexico million output russia talking
OPEC is now talking about a 1 to 1.5 million bpd cut and Mexico and Russia are at least talking about output cuts,
band below cause itself mechanism price shown slump waiting
OPEC has shown itself to be market-savvy by recognizing that waiting for the price band mechanism to kick-in could cause a slump well below $22 a barrel,